THE STORY BEHIND THE STORY:What is Happening with Disney?

Dorothy Philbin | CNBNews Contributor

Is there ever a story behind the story when it comes to Disney it all started in 1967.  The story also includes other major theme parks in the Orlando, FL area.

In 1967 when Disney was buying thousands of acres of land in the Orlando area they made an “agreement” with the state of Florida that they could manage themselves.  “Manage” included zoning, planning, utilities, as well as governing themselves. If Disney wanted to build a nuclear power plant in the middle of the Magic Kingdom, they could do it and no one could do anything about it.  Again, this is not based on any law; it is based on an agreement. As time went on, the other theme parks got the same agreement.

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